Rwanda: RNIT Iterambere Fund’s annual return at 9.6% in October

Details

Written by The New Times RW

Published: November 15, 2017 9:44 PM

The Rwanda National Investment Trust (RNIT) Iterambere Fund closed its maiden year (October 7, 2016 to October 6, 2017) since closure of the IPO with an annual return of 9.62 per cent, a report from the Fund managers indicates.

According to Anagha Hunnurkar, the technical advisor at Rwanda National Investment Trust, the Fund’s net asset value (NAV) was at Rwf110.28 per unit at the end of October compared to Rwf109.43 in September.

The opening unit price was Rwf100. The Fund’s NAV was at Rwf110.49 on Thursday last week.

“The Fund is fully invested and has and continues to endevaour to generate the best possible return. Its consistent performance is reflected in the NAV of Rwf110.28 as at October 31, 2017. This signifies an absolute return of 10.28 per cent since inception,” Hunnurkar said in the statement.

The expert indicated that the Fund’s assets under management were also growing, adding that the Fund is fully- invested.

Since wealth is a result of planning of finance, the expert urged investors to have “well-drawn financial plans” and execute them through a systematic approach to savings and investment to create wealth.

The RNIT Iterambere Fund is touted by some experts as the best performing liquid product in the country and is now worth over Rwf1.43 billion, up from Rwf1.41 billion at the end of September. One needs only Rwf2,000 to save or invest in the Iterambere Fund.